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The U.S. Securities and Exchange Commission (SEC) has reportedly found recent applications for spot Bitcoin exchange-traded funds (ETFs) wanting in specificity, despite filings from major players like BlackRock and Fidelity. The United States Securities and Exchange Commission (SEC) has reportedly deemed the recent flood of spot Bitcoin exchange-traded funds (ETFs) applications as deficient, based on a Wall Street Journal article. Insiders have shared that the topmost regulatory body has pronounced the applications insufficiently detailed. This information comes as a surprise, given the number of Bitcoin ETF applications filed this month, with notable entries from leading asset manager BlackRock and others. Gary Gensler and the SEC trying to stop Bitcoin ETFspic.twitter.com/d4ysgKuxAk — LilMoonLambo (@LilMoonLambo) June 30, 2023 Sources state that the SEC isn’t convinced that the Bitcoin ETF applicants have outlined adequately their strategies for handling a “surveillance-sha

Despite belonging to the same industry, the various networks in the crypto market often engage in conflicts. Ethereum [ETH], in particular, has faced criticism and backlash for its transition to the proof-of-stake [PoS] consensus mechanism. While Ethereum’s staking mechanism has been successful, Charles Hoskinson, co-founder of Cardano, took the opportunity to make a snide remark aimed at the second-largest cryptocurrency network. In a tweet exchange, Charles Hoskinson called out Vitalik Buterin, the founder of Ethereum. This statement came in response to Buterin’s comments about the challenges associated with staking Ether [ETH]. Buterin previously stated that only a small portion of his Ether is staked as it gets complicated. Buterin pointed out that staking Ethereum involves the need to make the associated keys public, which raises concerns about security. To address this, he suggested using multi-signature transactions. However, he admitted that setting them up can still be challen

Sam Altman’s blockchain project, Worldcoin, has announced the integration of its “Sign in with Worldcoin” feature with Okta’s Auth0 and the commencement of World ID registrations in Germany. Worldcoin, helmed by Sam Altman, has announced the commencement of registrations for its World ID in Germany and has integrated its “Sign in with Worldcoin” feature into Auth0, Okta’s leading global authentication and authorization platform. The integration with Auth0 marks Worldcoin’s most comprehensive rollout of the new feature. Similar to widely used social single sign-ons, the Sign in with Worldcoin offers users the capability to access multiple services or websites using just one set of login details. Sign in with Worldcoin is now available on the @auth0 Marketplace. Time to build https://t.co/o6DXPt9vXx — Worldcoin (@worldcoin) June 29, 2023 Tiago Sada, head of product at Tools for Humanity, a tech firm that is crafting tools for the Worldcoin project, told The Block that the coupli

The Australian government is addressing the risks of cutting banking services to crypto exchanges amid flurry of banks restricting certain services over scams. The growing trend of cutting services to cryptocurrency companies in Australia could lead to undesired consequences like making the industry less transparent, according to the state. Australia's Treasury on 28 June published an official statement addressing potential policy responses on de banking in Australia. De banking occurs when a bank declines to provide services to a customer citing issues like Anti-Money Laundering (AML), sanctions compliance, reputational risk considerations and others, the authority noted. According to the Treasury, there is a clear lack of data on debanking practices in Australia, which makes it challenging to design effective policy responses. “The Government acknowledges the importance of insightful data to monitor any potential policy responses to de-banking,” the statement reads. The autho

Shiba Inu, a cryptocurrency that has gained attention as a meme coin, has witnessed significant community engagement and involvement in various projects, including the development of the Shibarium network, Puppynet. Throughout 2022, the Shiba Inu team introduced several initiatives, such as the Shiba Eternity game and the SHIB metaverse, generating anticipation for the release of Shibarium. However, the launch of Shibarium experienced delays due to various factors. Also read: Bitcoin: MicroStrategy Buys 12,333 BTC for $347 Million Finally, on March 11, the Shibarium’s Puppynet was successfully launched. Since then, it has made considerable progress. Notably, as of June 26, Puppynet had surpassed 24 million transactions, marking a significant milestone for the network. Now, according to the latest data, the Shibarium puppynet has achieved another remarkable milestone in just two days. Source: Crypto Valley Journal Shiba Inu’s Shibarium Puppynet processes over 25,186,503 transactions Sin

Every year, the crypto industry witnesses the introduction of numerous new assets. However, this year holds a particular significance, due to the arrival of PEPE. The meme coin, inspired by frog-themed imagery, made a notable impact upon its launch. Amidst a market saturated with canine-themed crypto assets, PEPE garnered significant attention and achieved widespread attention. Like any other asset, PEPE faced a substantial decline in value. However, driven by the prevailing market sentiment, the asset managed to regain its prominence and reclaim its position at the top. Amidst these developments, an astonishing 1.93 trillion PEPE tokens were withdrawn from the Binance exchange. According to blockchain sleuth, Lookonchain, a total of $3.03 million worth of tokens were moved out of Binance. A whale withdrew 1.93T $PEPE ($3.03M) from #Binance 11 hrs ago. The whale appears to have sold 97,735 $LINK ($592K) and 9,883 $BNB ($3.01M) at a loss of ~$342K, swapping all positions for 1.93T $PEPE

SBF Tries to Throw Out 10 of 13 Charges   The motion was filed last month with the request to dismiss all other charges except three against the young billionaire who was accused of orchestrating a multi-billion-dollar fraud. SBF’s lawyers claimed that the court had been too hasty in its judgement against him. advertisement Based on Bankman-Fried’s legal team motion, they were trying to persuade the judge to throw out 10 out of the 13 charges against the former CEO.  If the request was granted, he would have been left with charges like conspiracy to commit commodities fraud, conspiracy to commit securities fraud and conspiracy to commit money laundering. Judge Kaplan considered the request to dismiss 10 charges including wire fraud, conspiracy to commit wire fraud, and violation of campaign finance law untenable. Dismissal is Reserved For Truly Extreme Cases However, on close examination, the federal judge who has been overseeing the FTX case since Nov

Celsius warns users of fake phishing attempts claiming asset restoration. The firm stressed that legitimate emails would never request personal information. Users are advised to stay cautious and report suspicious messages. In a recent development surrounding the Celsius bankruptcy case, the crypto lending platform has warned its users about fraudulent phishing attempts. The news came to light when Simon Dixon, a well-known figure closely following the case, took to Twitter to raise awareness. In lighthearted humor, Dixon tweeted, “Don’t let fake Celsius steal what real Celsius didn’t steal from you,” attaching Celsius’ recent court about the matter. ️#Celsius reporting on all the fake #Celsius phishing attempts being made. Don’t let fake #Celsius steal what real #Celsius didn’t steal from you. https://t.co/KNpFrbQwWa https://t.co/h6sYCNwA0C — Simon Dixon (@SimonDixonTwitt) June 27, 2023 On Monday, Celsius filed a Fifth Supplemental Notice, disclosi

A well-known cryptocurrency expert thinks that one token based on Ethereum (ETH) is getting ready for a big jump up. Pseudonymous analyst Rekt Capital tells his 347,000 Twitter followers that the Ethereum-based supply-chain management blockchain VeChain (VET) seems ready for a recovery after reclaiming both its horizontal and diagonal support levels on the monthly timeframe. Rekt Capital says that he thinks VET will go up until it hits its next monthly barrier at $0.269. “Forming a new higher low (black). And if indeed the June monthly candle closes just like this, it’s possible VET could consolidate via the green path over the coming weeks. Still needs to confirm the new higher low.” Source: Rekt Capital/Twitter At the time this was written, VET was worth $0.18. Waves (WAVES) is the next one. It is a system for creating tokens and decentralized applications (DApps). Rekt Capital says that WAVES is making a triangle pattern, which could mean t

The crypto Twitter user predicted that ADA will outperform DOGE, BTC and ETH in the next bull cycle. He also shared his beliefs that ETH will outperform BTC and that DOGE will beat ETH. At press time, BTC, ETH, ADA and DOGE were all down in the past 24 hours. The crypto Twitter user SlumDOGE Millionaire shared his predictions for Ethereum (ETH), Bitcoin (BTC), Dogecoin (DOGE) and Cardano (ADA) in a tweet yesterday. In his post, the user shared his belief that ETH will outperform BTC in the next bull run. In addition to this, he forecasted that DOGE will outperform ETH in the next bull run as well. More interestingly, the Twitter user predicted that ADA will outperform BTC, ETH and DOGE in the next bull run. This prediction comes after the Ethereum-killer was labeled as a security in the SEC’s lawsuits against Binance and Coinbase – causing the altcoin’s price to plummet. This drastic drop in ADA’s price could potentially open up an opportunity for massive

The cryptocurrency market has recently been bullish, forcing price s higher across various digital assets. Comments from Peter Brandt, a trader, have reinforced this positive market movement. On Twitter, Brandt predicts bitcoin’s continued dominance over altcoins. There is currently much optimism in the crypto world, and one project that has caught people’s attention is DigiToads (TOADS). This new platform has gained the interest of investors, who see it as a promising investment opportunity. With the official launch approaching, there are questions about what this means for the future of bitcoin and the emerging meme coin market. Bitcoin Overview The recent surge in market sentiment has propelled bitcoin prices beyond $30,000, a level last seen on April 26. While the digital currency briefly reached a peak of $30,800, a subsequent correction has stabilized its price just above the $30,000 mark. You might also like: DigiToads offer staking, burning, NFTs, and gaming; better

Rekt Capital predicted in a tweet yesterday that BTC’s market dominance would soar soon. The trader and analyst forecasted that altcoin prices will climb following the increase in BTC’s dominance. Meanwhile, Ali predicted that BTC closing a daily candle above $31.5K will result in BTC’s uptrend continuing. The crypto trader and analyst Rekt Capital predicted in a tweet yesterday that the market dominance for Bitcoin (BTC) may drastically increase this July. His prediction is based off of the trend witnessed in the middle of 2018. Should history repeat itself this July and BTC’s dominance surges, the trader forecasted that altcoins may struggle to keep up with BTC. Rekt Capital’s post went on to add that capital may flow out of BTC and into the altcoin market. He was not, however, able to give an estimate of when the capital inflow into altcoins would happen. According to him, an early indication will be when the rise in BTC’s dominance begins to slow down aft

Join Our Telegram channel to stay up to date on breaking news coverage Brazil’s central bank has given the green light to Mercado Bitcoin, the leading cryptocurrency exchange in the country, enabling its participation in the pilot initiative for the digital Real. The digital Real represents Brazil’s very own central bank digital currency (CBDC). The development marks a significant milestone for the exchange and highlights the growing acceptance of cryptocurrencies within the nation. Brazilian Crypto Exchange, Mercado Bitcoin, Joins Central Bank’s Digital Real Pilot Mercado Bitcoin’s participation in the pilot program is made possible through a consortium led by the exchange, which includes notable partners such as Mastercard, broker Genial, registrar Cerc, and financial software fintech Sinqia. By joining forces , these industry leaders aim to explore the potential benefits and challenges of incorporating a CBDC into Brazil’s financial landscape. After facing exclusion from